• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Monday, January 30, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Fuel price increases will derail economy, Gov’t must act – COPEC

Delali Adogla-BessabyDelali Adogla-Bessa
March 15, 2022
Reading Time: 1 min read
ShareShareShareShare

The Chamber of Petroleum Consumers Ghana (COPEC), wants the Finance Ministry to break its silence on the rising cost of fuel prices.

With fuel prices expected to hit at least GH¢10 per litre, COPEC’s Executive Director, Ducan Amoah, said Ghana’s economy is in danger of being wrecked.

“Everybody is complaining, but the finance guys who deal with these numbers have gone mute,” he said on Eyewitness News.

“Let the Finance Ministry stop sleeping and speak to these issues because clearly, these increases and the ones we are expecting on Wednesday is going to do only one thing. It is going to derail the entire economy completely.”

After COPEC had warned that diesel could cross GH¢10 per litre with petrol rising to GH¢9 per litre from March 16, the National Petroleum Authority confirmed that increases of this nature are expected.

Also, on Eyewitness News, Abbas Ibrahim, the head of Pricing at the NPA, said “definitely the price that we expect at the pump as has been projected is very likely to go beyond the GH¢9 mark.”

He howver expects some variation based on the plans of the various oil marketing companies.

“GH¢9 is the very realistic price we could be paying in the next window, but it could be higher than that or lower than that depending on the company’s strategy.”

COPEC attributed the expected increase to the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies.

In a statement on Monday, it said the Free On Board prices of petrol increased by 19.28% from $917.48/MT to 1094.33/MT, diesel by 34.57% from $845.50/MT to $1137.78/MT and LPG by 17.42% from $845.93/MT to $993.25/MT between the first pricing window (1st-15th March 2022) and the second window (16th -31st March 2022).

ShareTweetSendSend
Previous Post

Ibrahim Mahama; the Ghanaian artist creating new forms of art using abandoned objects

Next Post

NAGRAT takes on gov’t for demanding rent from teachers occupying State bungalows

Related Posts

Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility in Asia
Business

Gold for oil policy: Fuel prices may drop this week – COPEC

January 23, 2023
Fuel Pump, Gas Station, Gasoline. Colorful Petrol pump filling nozzles isolated on white background , Gas station in a service in warm sunset. Head fuel vehicle refueling facility in Asia
Oil and Gas

We’re not overpricing fuel products – Association of Oil Marketing Companies

January 17, 2023
News

No excuses, transport fares must come down – COPEC

December 15, 2022
Top Stories

Annoh-Dompreh calls on drivers to slash fares as fuel prices drop

December 14, 2022
premix fuel
Top Stories

COPEC wants shortage of premix fuel urgently resolved

November 23, 2022
KT Hammond
Top Stories

Taxes on fuel now ‘basically nothing’ – KT Hammond

November 4, 2022
Next Post

NAGRAT takes on gov't for demanding rent from teachers occupying State bungalows

TOP STORIES

NDC minority leadership reshuffle: Internal disagreement healthy – Franklin Cudjoe

January 29, 2023

It’ll be difficult for my wife to bounce back – Husband of Yellow Sisi Waakye [Video]

January 29, 2023

$130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

January 29, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT